Black & Decker 2015 Annual Report Download - page 30

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Respondents violated Subtitle C, 42 U.S.C. §§ 6921-6939g of the Resource Conservation and Recovery Act of 1976, as
amended (“RCRA”), and requirements of the federally-authorized Pennsylvania Hazardous Waste Management Regulations, in
their waste management practices for the handling of RCRA hazardous waste at a manufacturing facility in Reading, PA. The
facility was decommissioned in 2014. In October 2015, the Respondents reached an agreement with the EPA to resolve the
matter whereby Respondents paid a civil penalty in the amount of $420,000 to resolve all of EPA’s claims asserted in the
Complaint and final resolution of the matter was effective November 16, 2015.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
PART II
ITEM 5. MARKET FOR THE REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND
ISSUER PURCHASES OF EQUITY SECURITIES
The Company’s common stock is listed and traded on the New York Stock Exchange, Inc. (“NYSE”) under the abbreviated
ticker symbol “SWK”, and is a component of the Standard & Poor’s (“S&P”) 500 Composite Stock Price Index. The
Company’s high and low quarterly stock prices on the NYSE for the years ended January 2, 2016 and January 3, 2015 follow:
2015 2014
High Low
Dividend Per
Common
Share High Low
Dividend Per
Common
Share
QUARTER:
First ............................................................ $ 100.17 $ 90.51 $ 0.52 $ 83.04 $ 75.64 $ 0.50
Second........................................................ $ 107.71 $ 95.93 $ 0.52 $ 89.02 $ 77.58 $ 0.50
Third........................................................... $ 108.17 $ 94.66 $ 0.55 $ 93.46 $ 85.01 $ 0.52
Fourth......................................................... $ 110.17 $ 98.15 $ 0.55 $ 97.36 $ 81.31 $ 0.52
Total........................................................... $ 2.14 $ 2.04
As of February 1, 2016, there were 10,593 holders of record of the Company’s common stock. Information required by
Item 201(d) of Regulation S-K concerning securities authorized for issuance under equity compensation plans can be found
under Item 12 of this Annual Report on Form 10-K.
Issuer Purchases of Equity Securities
The following table provides information about the Company’s purchases of equity securities that are registered by the
Company pursuant to Section 12 of the Exchange Act for the three months ended January 2, 2016:
2015 (a) Total Number Of Shares Purchased Average Price Paid Per Share
Total Number
Of Shares
Purchased As Part Of
A Publicly
Announced Plan
or Program
Maximum Number Of
Shares That May
Yet Be Purchased
Under The Program
October 4 - November 7............ 2,105 $ 101.66 — —
November 8 - December 5........ 46,783 $ 109.25 — —
December 6 - January 2 ............ 40,362 $ 109.34 — —
Total........................................... 89,250 $ 109.11 — —
(a) The shares of common stock in this column were deemed surrendered to the Company by participants in various benefit
plans of the Company to satisfy the participants’ taxes related to vesting or delivery of time-vesting restricted share
units under those plans.
On July 23, 2014, the Board of Directors approved a new repurchase of up to 25 million shares of the Company's common
stock. As of January 2, 2016, the remaining authorized shares for repurchase is 16.1 million shares. Furthermore,
approximately 5.2 million shares are reserved for purchase in connection with the forward share purchase contracts entered into
in October 2014 and March 2015, which obligate the Company to pay $150.0 million and $350.0 million, respectively, plus
additional amounts related to the forward component of the contracts to the financial institution counterparties not later than